Searches And Hires
The plan also added a new 6% target to private credit.
The plan will commit a total of $330 million to the asset class for fiscal year 2026-2027.
The search is open to core and non-core real estate and infrastructure managers.
The plan also disclosed two private markets commitments.
The retirement association is seeking a firm to review and evaluate its discretionary private credit and private equity portfolios.
The retirement system also hired three firms in its diversifying strategies manager searches yesterday.
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The pension fund hired two firms to replace a previously terminated underperforming manager.
The retirement fund received three proposals in response to its fixed-income consultant RFP.
The city expects to commence a new contract on July 1.
